---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018490"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:37:23.021284+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital Q1 revenue +223% to record $165.2M; net income $337.2M ($1.26 EPS)

## Summary
- Record Q1 revenue $165.2M (up 223% YoY); net income $337.2M (up 184% YoY) or $1.26 diluted EPS.
- Adjusted EBITDA $528.8M (up 266% YoY); energized hash rate 27.8 EH/s (+142% YoY); produced 2,811 BTC (+28%).
- Sold 26% of bitcoin produced to fund ops; combined cash and bitcoin reached $1.6B at quarter end.
- Raised 2024 hash rate target to 50 EH/s; closed data-center acquisitions adding 1.1 GW capacity, 54% directly owned.
- Launched Anduro layer-2 network, Slipstream, MARAFW firmware, immersion cooling system; first paying customers for firmware.

## SEC filing metadata
- accession: 0001493152-24-018490
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315224018490/0001493152-24-018490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315224018490/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018490
- JSON: https://secwatch.observer/filing/0001493152-24-018490.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018490.txt

## Key facts
- Earnings Releases
  MARA Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $165.2 million, net income $337.2 million, EPS $1.26 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $165.2 million
  - Net income: $337.2 million
  - EPS: $1.26 per diluted share
  - Result: reported results
  source text: such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Marathon Digital Holdings Reports First Quarter 2024 Results – Revenues Increase 223% to a Record $165.2 Million – Net Income Increases 184% to a Record $337.2 Million, or $1.26 per Diluted Share – Adjusted EBITDA Increases 266% to a Record $528.8 Million Fort Lauderdale, FL – May 9, 2024 –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315224018490/0001493152-24-018490-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.